INTERNATIONAL TRADE FINANCE

QUESTION TWO [25 marks] Your customer God's Blessing Enterprise Ltd is negotiating with Joe Bloggs Ltd of UK for the supply of Cars to Lectures and Medical Doctors valued at 150,000,000. The terms of payment are 60 days sight draft, documents against acceptance through Ecobank Ltd. The terms of shipment are CIF Tema Port Ghana. a. Discuss CIF Tema Port Ghana as quoted in the contract. (5 marks) b. State and Explain FIVE key documents you expect to be included in the collection order. Your explanation must include the significance of these documents. (8 marks) c. Enumerate FOUR functions of a bill of lading. (7 marks) QUESTION TWO [25 marks] Your customer God's Blessing Enterprise Ltd is negotiating with Joe Bloggs Ltd of UK for the supply of Cars to Lectures and Medical Doctors valued at 150,000,000. The terms of payment are 60 days sight draft, documents against acceptance through Ecobank Ltd. The terms of shipment are CIF Tema Port Ghana. a. Discuss CIF Tema Port Ghana as quoted in the contract. (5 marks) b. State and Explain FIVE key documents you expect to be included in the collection order. Your explanation must include the significance of these documents. (8 marks) c. Enumerate FOUR functions of a bill of lading. (7 marks)